M&S to return £2.3bn to shareholders

Takeover target Marks & Spencer is to return £2.3bn (€3.4bn) of cash to shareholders and focus on its core business as part of a strategy unveiled by chief executive Stuart Rose today.

M&S to return £2.3bn to shareholders
Mon, 12 Jul, 2004 - 08:04

Takeover target Marks & Spencer is to return £2.3bn (€3.4bn) of cash to shareholders and focus on its core business as part of a strategy unveiled by chief executive Stuart Rose today.

Rose will today also justify to shareholders the board’s decision to reject a £9.1bn (€13.6bn) takeover bid.

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